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Return to Blackboard Kleso, Intermedlate Accounting, 16e Help I S CALCUATOR PRINTER VERSION |BACK NEXT The balance sheet of Wildhorse Company at December 31, 2016,

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Return to Blackboard Kleso, Intermedlate Accounting, 16e Help I S CALCUATOR PRINTER VERSION |BACK NEXT The balance sheet of Wildhorse Company at December 31, 2016, includes the following. Notes receivable Accounts receivable Less: Allowance for doubtful accounts $38,600 188,900 17,700 $209,800 Transactiong in 2017 include the following 1. Accounts receivable of $148,500 were collected including accounts of $70,100 on which 3% 2. $6,130 was received in payment of an account which was written off the books as worthless sales discounts were allowed. in 2016 Customer accounts of $17,900 were written off during the year. At year-end, Allowance This estimate is based on an analysis of aged accounts 3. 4. for Doubtful Accounts was estimated to need a balance of $28,500. Prepare all journal entries necessary to reflect the transactions above. (f no entry is required select "No Entry" for the account titles and enter O for the amounts. Credit account Study titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Cash Debit Credit Sales Discounts 2. Accounts Recelvable Allowance for Doubtful Accounts To reinstate the accounts receivable) MacBook Air FI F2 F3 F4 FS Old Point National.. WebCOMTM 2.0 Course Home c Coinbase-Buy/S... Return to Blackboard Kleso, Intermedlate Accounting, 16e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEXT 1. Cash Sales Discounts Accounts Recelvable 2. Accounts Receivable Allowa (To reinstate the accounts receivable) Cash Accounts Receivable (To record the collection on account) Allowance for Doubtful Accounts Accounts Receivable Bad Debt Expense Accounts Receivable unts 3. 4. Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Question Attempts: 1 of 3 used SAVE FOR LATER SURNHET ANSWER MacBook Air

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